NONCONTROLLING INVESTMENTS BY SAVINGS ASSOCIATION HOLDING COMPANIES.

SEC. 1202. NONCONTROLLING INVESTMENTS BY SAVINGS ASSOCIATION HOLDING COMPANIES. Section 10(e)(l)(A)(iii) of the Home Owners’ Loan Act (12 U.S.C. 1467a(e)(l)(A)(iii)) is amended— (1) by inserting “, except with the prior written approval of the Director,” after “or to retain”; and (2) by striking “so acquire or retain” and inserting “acquire or retain, and the Director may not authorize acquisition or retention of.”.